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ohio senator robb portman vice- presidentvice president joe biden goofed up talking about taxes on the middle class. >> the middle class has been buried for the last four years. >> buried, we agree that means we need to stop digging by electing romney the next president of the united states. the republican ticket quick to adopt ryan's slogan. a suburban cop is in and the royal treatment in england and other european countries today they say he helped him win the ryder cup. we are in the car and i let him know don't worry about it i will get you there on time. pat roland's was the man behind the wheel and today he is being held a hero in europe. profiled on the bbc even in european news anchors credited with giving mcelroy to the final cut on the final day. he was staying here at the hotel in lumbar with all of the other players from team europe and usa but unlike the other players he had gotten his schedules mixed up on sunday, just minutes before his start time at my dinaedinah he wasn't there. i started to panic. , he was safe but very late, that's when this american cop show that ev
ohio senator robb portman vice- presidentvice president joe biden goofed up talking about taxes on the middle class. >> the middle class has been buried for the last four years. >> buried, we agree that means we need to stop digging by electing romney the next president of the united states. the republican ticket quick to adopt ryan's slogan. a suburban cop is in and the royal treatment in england and other european countries today they say he helped him win the ryder cup. we are in...
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. >> we are paying all of these high taxes to keep schools open. >> insurance and retirement benefits are the biggest roadblock. the money is available. >> teachers also have over 80 percent. me to replace a number of pipes and the building. we're looking at about $3 million for that. that money is there for a reason cannot answer making plans for child. >> parents are making plans for child care. >> the work hard. if there is anything that i could do, i think the teachers deserve better pay and better benefits. they do a lot. >> negotiations start of five. at 5. >> parents confront and if itwe have set up a link on our page. >>he survived a beating by burglars who broke into his church rectory last winter. now, an 80-year-old priest is in a different fight. he doesn't want to leave the parish where he's lived for the last 35 years. wgn's robert jordan is live at saint margaret of scotland church with the story. >> with his future uncertain his friends are coming to stand by him. >> when he was 14 i was 13. we met going down to chicago and ave. >> he has been a very close friend for o
. >> we are paying all of these high taxes to keep schools open. >> insurance and retirement benefits are the biggest roadblock. the money is available. >> teachers also have over 80 percent. me to replace a number of pipes and the building. we're looking at about $3 million for that. that money is there for a reason cannot answer making plans for child. >> parents are making plans for child care. >> the work hard. if there is anything that i could do, i think the...
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>>they send us a note >> of those $50 taxed at up. that is how we make these programs survive. >> the big shoulders fund raises millions of dollars for the catholic school system. 60 percent of all of the students that go to catholic schools come from families that are on some form of public aid. the doors are closing or will soon on four chicagoland y-m-c- as. facilities in waukegan and vernon hills will close on october 31st citing declining memberships and financial troubles. after shutting down a facility in grayslake, the y-m-c-a of metropolitan chicago closed its austin center on monday due to its deteriorating facility and low enrollment. a spokesperson for the group stated financial pressure was not a factor in either of their closings. each y-m-c-a group operates independently with its own board of directors and nonprofit status. >>next: the financial struggles of inner city catholic schools. also just ahead: a new clinical study about a popular supplement and whether or not it helps fight colds. and, mental health experts we
>>they send us a note >> of those $50 taxed at up. that is how we make these programs survive. >> the big shoulders fund raises millions of dollars for the catholic school system. 60 percent of all of the students that go to catholic schools come from families that are on some form of public aid. the doors are closing or will soon on four chicagoland y-m-c- as. facilities in waukegan and vernon hills will close on october 31st citing declining memberships and financial...
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mainly on tax policy. >> reporter: vice president biden said romney would hike middle class taxes. >> how they can justify raising tax on the middle class has been buried the last four years. >> reporter: republicans jumped on that. buried by obama? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that mean we need to stop digging by electing mitt romney the next president of the united states. >> reporter: that's the kind of zinger sure to be heard tomorrow night. doug, andrew and chris say they hope to hear a lot of substance, too. at debate number one in their battleground ate. a lot is on the line. doreen talked about the nbc news "wall street journal" poll. 38%. more than a third of voters saying this debate and the three to follow, one vice presidential work the more presidential, will be important or extremely important to their decision about who to vote for. live from denver, i'm steve handelsman, news4. >> thank you. >>> a freelance american journalist who disappeared in syria eight weeks ago is now see
mainly on tax policy. >> reporter: vice president biden said romney would hike middle class taxes. >> how they can justify raising tax on the middle class has been buried the last four years. >> reporter: republicans jumped on that. buried by obama? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that mean we need to stop digging by electing mitt romney the next president of the united states....
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Oct 1, 2012
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our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government spending. eliminating alling a churm sub i dids and new see land began feeding itself and became the great source of the food around the world and competed in dairy with wisconsin so aggressively that the wisconsin dairymen accused of them of unfair trading practice alls all the way from new zealand. it is the great vanity of bureaucrats that somehow their jobs are awfully important. but after the second world war, we eliminated 150,000 bureau crateds, millions of federal workers and the same economists are therefore bearers
our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government...
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calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy in ten thousand units of creditor currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door. and so give me ten percent of everything you have . unfortunately that would be very unpopular if you were to turn around and tell the american public oh guess what your taxes are not going up ten percent of what you currently pay they're going up by ten percent of your income and the tax on everything that you produce as a company is going up by ten percent of your production and yet that is essentially what's been going on now for the last four years and so when we look at why we haven't seen job growth and economic reco
calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy in ten thousand units of creditor currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door....
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when you take that with state income tax and payroll tax and real-estate taxes and gasoline taxes, all together that means small business that are highly successful will end up giving more of what they have the government. that will kill jobs. i do not want to kill jobs. my priority is to create jobs, and i will do that with everything i can do. we can do better. we do not have to stay on the path we have been on. there was a report that came out this morning on job creation this last month. there were fewer new jobs created this month than last month. the unemployment rate has come down very slowly, but it has come down nonetheless. the reason it has come down this year is due to the fact that more and more people have just stopped looking for work. if you drop out of the workforce, give up and say i cannot go back to work, i will stay home, if you drop out altogether, you're no longer part of the statistics. it looks like unemployment is getting better, but if the same share of people were participating in the workforce today as on day the president got elected, unemployment would be
when you take that with state income tax and payroll tax and real-estate taxes and gasoline taxes, all together that means small business that are highly successful will end up giving more of what they have the government. that will kill jobs. i do not want to kill jobs. my priority is to create jobs, and i will do that with everything i can do. we can do better. we do not have to stay on the path we have been on. there was a report that came out this morning on job creation this last month....
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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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the cut in tax rates. >> lowers all americans tax rates. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless it takes away -- >> lowering tax rates by broadening the tax base -- >> you haven't given me the math? >> it would take me too long to go through all the math. >>> in massachusetts tonight, senator scott brown and his democratic challenge elizabeth warren face off in the second of four debates for that u.s. senate seat up there. david gregory will moderate it comes as new boston globe poll shows warren inching slightly ahead, 43% to 38%. still 18% of voters remain undecided there. the same poll conducted in may gave senator brown a two-point lead. >>> still ahead on "way too early," wow were the new york jets bad yesterday. shutout, blownout, injured on their home field. rex ryan's press game post conference the only highlight of the day. >>> and an incredible comeback by team europe at ryder cup. the united states entered sunday with a big lead and it's big guns on the course. we'll show you what happened in sports. all that
the cut in tax rates. >> lowers all americans tax rates. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless it takes away -- >> lowering tax rates by broadening the tax base -- >> you haven't given me the math? >> it would take me too long to go through all the math. >>> in massachusetts tonight, senator scott brown and his democratic challenge elizabeth warren face off in the second of four debates for that...
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Oct 8, 2012
10/12
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going back to tax. your premise is that people are making a decision between -- even i income people who, you know, are certainly high income people consume that you were saying they are making the choices about investment versus consumption, based on taxes. i sort of imagine, i'm a, not sure how rich were talking about but at some point you of certain level of wealth, it seems to me people kind of by what they want and then they invest the rest. but you are saying you think actually that they buy more if tax rates were higher. you think i would have an important impact. >> guest: all the time i take the point it takes a lot. yes, i think, yes, but i would say it compounds gradually over time into the point where what you want, i think what is lost in this equation is how do you really get rich as an investment. you satisfy customers. customers are what makes you rich. they say you're the guy who is satisfy my needs, not that guy over there who is not getting rich. so what you really want, talent people
going back to tax. your premise is that people are making a decision between -- even i income people who, you know, are certainly high income people consume that you were saying they are making the choices about investment versus consumption, based on taxes. i sort of imagine, i'm a, not sure how rich were talking about but at some point you of certain level of wealth, it seems to me people kind of by what they want and then they invest the rest. but you are saying you think actually that they...
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i ok at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that tlks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't want to discuss those things in an election year. gerri: and also, it begs the question, are you taking power out of the hands of the doctors and hospitals to back to busty making these decisions about care. i don't think so. a lot of things occur in the admission process, and smart hospitals, good hospitals are getting on top of this. for instance, in our community we have hospital in plano, texas. texas health resources. there is a group of really hard-core nurses and anybody who is a physician knows when talking about. you don't mess with these ladies. they have taken the bull by the horns and transf
i ok at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that tlks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities?
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities?
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$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. toyota sports brought to you by your dealers.ota >> it really seems like nothing rgiii.ck he tallied 123 passing yards today and a touchdown. his biggest accomplishment might to win lates will the game. check this out -- ouch, that has t to her. they collide in warm up. both were inactive because of this. seems they are ok. late in the first, 3-0 bucs. he fumbles and takes it up, 7-3 skins. they try the same play. e around, here he is. he cruises in the end zone. his fourth rushing td of the season. later, right up the cut -- a 30--- 39-yard t. d he had 113 yards on the day. third quarter, judge freeman throws to jackson. skin's lead 21-13. then it is 21-19. he does work to give the bucs lead.int runs an-- rgiii offense. into field-goal range. everyone was biting their nails about. he already missed three. he barely makes i
$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. toyota sports brought to you by your dealers.ota >> it really seems like nothing rgiii.ck he tallied 123 passing yards today and a touchdown. his biggest accomplishment might to win lates will the game. check this out -- ouch, that has t to her. they collide in...
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vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket. >> if they did that it would be well telegraphed, i don't think they would do it in a subtle way. the market react that shows fiscal responsibility is a positive. liz: markets are not reacting. >> markets are benign about this the biggest danger for markets is a policy is make and chaos. >> do you think what we've seen -- we've seen an economy distorted by bubbles, like the economy has been on platform shoes, and i feel like, we have -- market -- some analyst some people, have been drained of all common sense, like they are
vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket....
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Oct 2, 2012
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tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a year, taxes will go up by $2,000. the increases are so large secause the nation's biggest tax cuts all expire three months from now on new year's day. cludeinclude the bush-era federal income tax cuts, the payroll tax cut that lowered social security and medicare taxes, and several remaining stimulus tax cuts all go away january 1 unless congress and the president reach a deal on the budget. e ny economists are concerned that a tax increase of that size could shock the ec
tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and...
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Oct 8, 2012
10/12
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because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal reserve obviously wasn't doing what it should have done in the years before the crisis. >> it was paying too much attention to interest rates and not enough attention to employment. >> that was one of the problems. it was not paying enough attention to what the banks were doing. one of the members of the fed actually talked about it. there is a housing bubble going on there is predatory lending going on. you should stop this because if you don't you're going to have a problem. >> greenspan and the rest of the board ignored it. and so that lead to the housing bubble. and predatory lending. the fed ha
because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal...
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he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zero, i think, is wrong. and once you relax that assumption, then, all of a sudden, other things start to be possible. >> reporter: but it's hard to be sure about the impact of tax cuts on the economy, which is why the experts in congress and the treasury who are responsible for estimating the cost of tax changes generally ignore the impact of tax reforms on the entire economy. darren gersh, nbr, washington. >> susie: here on wall street, traders and investors were taking a fresh look at stock sectors today, assessing what a romney or obama win would mean for the markets. also a lot of talk about minutes from the latest fe
he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zero, i...
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. >> 11 finance ministers in luxembourg agreed to pass a controversial tax on financial transactions. >> the nobel prize for physics goes to the scientists from france and the u.s. >> we began in greece where tens of thousands of angry protesters filled the streets of athens on tuesday to greet german chancellor angela merkel. >> it is her first visit there since the eurozone crisis erupted. she reaffirmed their commitment to keep the debt-ridden state inside your's single currency but offered no promise of further aid. >> a new report on the greek reform process is due next month, and in the meantime, greece is negotiating highly unpopular austerity measures. protesters blamed merkel. >> this morning's peaceful protest turned violent in their early afternoon. police used tear gas to disperse demonstrators. some 40,000 people took to the streets of athens to express their anger with the eu, the austerity measures, and the german chancellor. safely away from the protests, angela merkel said she understood the problems facing many greeks. she promised help as athens performs its health
. >> 11 finance ministers in luxembourg agreed to pass a controversial tax on financial transactions. >> the nobel prize for physics goes to the scientists from france and the u.s. >> we began in greece where tens of thousands of angry protesters filled the streets of athens on tuesday to greet german chancellor angela merkel. >> it is her first visit there since the eurozone crisis erupted. she reaffirmed their commitment to keep the debt-ridden state inside your's...
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market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got the banks at one side demanding their bailouts the people demanding their bailouts and at some point it's all going to give the actually less we are going to get is i can say with you and i think it's really interesting is that you know the people on the ground unemployed people see all the banks bailed out the financial sector bailed out politicians protected i mean i know it's very popular but people say now how about me but bail me out and i know i know that's nonsensical on many ways but i can understand how people feel that way. yeah and again i think that's why at least in spain they've got to take this concept of bankia but make it more they've got to get rid
market economy underground economy that has to get pulled back up as well they've got to be paying taxes so there's got to be you know reformed and whether you want to call it a stereo or not i think someone's got to go through and try and change the system which unfortunately is almost politically impossible right because it's so hard to get the votes to do that so i think we keep this limber lumbering around and you've got the banks at one side demanding their bailouts the people demanding...
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that debt forgiveness is tax free. again, thanks to congress passing a tax relief act on short sales back in 2007. a congressional committee estimates that will cost close to $1 billion in lost revenue to the government. now, given that relief and the fact that banks are really pushing these short sales and doing themselves, the question is, do we really need government to keep funding these short sales, maria? >> diana, these are the questions we'll keep following. thanks so much. they ask, should the government get out of the housing business altogether? rick santelli thinks so. jason says this isn't the time to kill these programs. rick, make the case. >> well, my case is why doesn't the government just buy them all, all the houses that are out there in foreclosure, vacant, bulldoze them down, give the tax bill to future generations, boom. housing fix. just because it's expedient doesn't mean it's the right thing to do. what, we're going to give them a break on their principle and their income tax? the government ne
that debt forgiveness is tax free. again, thanks to congress passing a tax relief act on short sales back in 2007. a congressional committee estimates that will cost close to $1 billion in lost revenue to the government. now, given that relief and the fact that banks are really pushing these short sales and doing themselves, the question is, do we really need government to keep funding these short sales, maria? >> diana, these are the questions we'll keep following. thanks so much. they...
WHUT (Howard University Television)
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indonesia imposed a 20% export tax on the 14 ores earlier this year. the ministers failed to narrow their differences but agreed to continue talks over the issue. >>> all right ti. time now to check the world weather forecast. sayaka mori is standing by to tell us the latest on the typhoon. >> hi there. we've been keeping an eye on typhoon prapiroon situated 100 kilometers east of the philippines. prapiroon means god of rain. unlike the name, it's not going produce any heavy rain to any landmasses at least into the weekend. but it could certainly generate high waves and rough seas across the coast of northern luzon, eastern taiwan, and the sakashima islands from late wednesday. here's the projected path. it's going to move toward the west and veer back toward the east. so we are not sure where the system is going at this moment. we'll keep you posted on the storm's progress. as for the rest of east asia, nice, clear skies for much of japan today. we saw the coolest morning of the season in many locations, but temperatures will be rising to above season
indonesia imposed a 20% export tax on the 14 ores earlier this year. the ministers failed to narrow their differences but agreed to continue talks over the issue. >>> all right ti. time now to check the world weather forecast. sayaka mori is standing by to tell us the latest on the typhoon. >> hi there. we've been keeping an eye on typhoon prapiroon situated 100 kilometers east of the philippines. prapiroon means god of rain. unlike the name, it's not going produce any heavy rain...
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Oct 2, 2012
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tax payers could face a big jump in their taxes. if nothing is done a typical middle-class family their income with syntaxes go up by $2,000 for the average american family should nothing be done by congress. >> in world news desk as prominent pakistan in lawmakers are now offering a $200,000 reward for anyone who kills the egyptian american arrested in california last week for violating his probation. the low-budget film he made has sparked violence across the muslim world. this is the second bounty on his head. a pakistan official offered $100,000. >> from one of the biggest names in social media is in moscow. facebook founder mark zuckerberg meeting with russia's prime minister. russia wants market to expand facebook operations in facebook. he is on a world tour searching for new talent in a series of programming contest. apple i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy vol
tax payers could face a big jump in their taxes. if nothing is done a typical middle-class family their income with syntaxes go up by $2,000 for the average american family should nothing be done by congress. >> in world news desk as prominent pakistan in lawmakers are now offering a $200,000 reward for anyone who kills the egyptian american arrested in california last week for violating his probation. the low-budget film he made has sparked violence across the muslim world. this is the...
WHUT (Howard University Television)
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Oct 4, 2012
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italian police arrested the head of a private tax collection agency. the man suspected of pocketing $130 million his agency gathered for local governments. the italian government is cracking down on tax evasion as a way to reduce its massive debt. police officials say the suspect and four of his employees misappropriated about $100 million euros between 2006 and 2009. the private agency had been commissioned by about 400 pounds to collect taxes. the suspects reportedly spent the money on private jets, yachts, parties and other luxuries. police have seized cash and real estate worth about $11 million. >>> the european union is trying to reach a consensus among its leaders to conclude an economic partnership agreement with japan. the eu administrative body, the european commission, proposed epa negotiations with japan in july. nhk obtained a draft statement, summarizing the summit, schedule ford october 18th and 19th in brusselse brussels. it calls on countries to begin negotiations with japan to conclude the epa. automobile makers in italy, france and g
italian police arrested the head of a private tax collection agency. the man suspected of pocketing $130 million his agency gathered for local governments. the italian government is cracking down on tax evasion as a way to reduce its massive debt. police officials say the suspect and four of his employees misappropriated about $100 million euros between 2006 and 2009. the private agency had been commissioned by about 400 pounds to collect taxes. the suspects reportedly spent the money on...
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infrastructural investment and it's turned it over to the financial sector which in effect imposes a tax on the rest of the economy because we have to pay an economic rent to these commercial banks in order to pay for our infrastructure i mean the system is just an absolute unmitigated disaster and i can't see how we can reform it want to centrally finance at this point literally owns it i mean they they control it absolutely whether it's the united states or whether it's the european union peter go ahead jump in go ahead yeah and it's not just europe i think you know we kind of ignore a lot in the u.s. but the fed now owns forty percent of all treasury bonds that are five years and longer the fed basically is the single largest investor in u.s. treasury bonds it controls the shape of the yield curve all these things that we used to take as kind of free markets the fed now controls and then they're ingenious they say oh look there's no inflation expectations based on the yield curve yet they're the ones who control the yield curve so i think it's not just europe where you've got the cent
infrastructural investment and it's turned it over to the financial sector which in effect imposes a tax on the rest of the economy because we have to pay an economic rent to these commercial banks in order to pay for our infrastructure i mean the system is just an absolute unmitigated disaster and i can't see how we can reform it want to centrally finance at this point literally owns it i mean they they control it absolutely whether it's the united states or whether it's the european union...
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Oct 3, 2012
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lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian competitors. >> isn't it true that small businesses, which of course as we all know are the real creators of jobs, will pay the ordinary income tax? if you're going to raise ordinary income tax on people making more than $200,000, that's going to hit small businesses and choke off that part of the job creation. >> that's right, maria. the top individual tax rate have a huge amount of small business income. if romney would cut the top individual rate from 35 to 25%, for example -- >> which would help small business. >> small businesses would be benefitted by that. >> bill, that's something john thain said, the
lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian...